Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can use more than one answer. Question 13 4 pts Please define the TERM of a loan & discuss its possible impact on a consumer's
can use more than one answer.
Question 13 4 pts Please define the TERM of a loan & discuss its possible impact on a consumer's choice of loans. Term of a vehicle loan about 2 to 6 years The agreement of a note to repay The longer the term, the smaller the amount of the monthly payment. none of these The longer the term, the more costly interest. The time length of a loan or investment (usually in years)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started